North American Auto Assemblies Slipped in September

North American auto assemblies declined by 8.7% in September after reaching their highest mark in nearly two years the month prior. Despite the lower output in September, production was a hefty 39.6% higher year-on-year (YoY) and still the third-best total year-to-date (YTD), according to LMC Automotive data.

Though the market remains supply-constrained due to ongoing parts and supply shortages, production in September continued to show signs that the situation is improving.

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

Latest in Steel Markets

Lead Times Mostly Steady on Sheet, Shorten on Plate

CRU: Chinese Car Exports Are Here To Stay, Lessons From Steel

GM’s Higher Earnings Guidance Hinges on Successful Labor Pacts

SDI Posts Narrower Q2 Profit, Says Demand ‘Remains Solid’

Housing Starts Pull Back in June